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20121217
20121217
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worries, what we have been watching closely is the housing market. we are convinced that u.s. housing has bottomed. on five years of inventory, that has been worked out. mortgage rates are so low. that helps consumer sentiment so much. we are very positive on the market and, if in the next few days, next few days, there is a correction because a compromise is not met, and, i promise you, no one will like the compromise. liz: does that mean it is successful if everyone is a little unhappy? >> exactly. exactly. liz: if you are going all out assertive, what are you buying? >> we are buying a lot of companies. our portfolios have about 60 to 70 stocks in them. liz: are you up for the year back yes. definitely. definitely. we are around 13%. liz: what is your favorite investment right now? what do you like right now? >> the best way to stay fully invested is to have a good hedge from high quality bonds. barry, ironically, we are still buying bonds as well. muniz, yes, in most cases. tax-free in a simple security. you can very easily by high-quality single-a, aa or higher that have lots of good
for sprint which is the number three u.s. wireless carrier. now, they will have full ownership of the spectrum. that is some good news for sprint. you are seeing that clear wire is selling off the news. lori: president obama and house speaker john boehner meeting just hours ago. our rich and thin was first to report this news of the meeting. rich, the house speaker seems to be caving on tax hikes, at least a little bit. rich: they have been discussing the ratio with a 121 ratio. they are talking a trillion dollar spending cuts. higher rates on amount of more than $1 million curbs on deductions congress would work out next year. democrats and republicans are also talking about continuing the tax cuts. increasing the debt ceiling is a major sticking point for republicans. they will want more spending cuts to raise the debt ceiling again. republicans say changes to entitlements must be included to get any deal through congress. there is progress, though there are significant obstacles remaining. the president will need at least half of them on the board to get something to congres
in is giving help to our economy, and that requires printing of u.s. dollars and lots of them as the fed has been doing. i thhnk one of the small reasons why you're paying more for gas today than you did last year at this time is basically because our dollar is buying us slightly less now than it did then. however, there is another side of this and we have a technical picture that absolutely shows us that gasoline is in a downward parallel channel and certainly would go lower as time passes and we're now looking at the 200-day moving average for the crude oil market which is getting below that. melissa: it is moving down, no question. >> absolutely. melissa: i have one reason for that. i was looking at stats, consumption is expected to be 8.73 million barrels a day. that is the lowest level since 2001. why do you think our gasoline consumption is so low right now? >> you know, there is a lot of conservationism going on. there are a lot of cars now that are not using nearly as much gas as they used to. melissa: no, that is not it. come on. >> there is lot of things that come together here. me
of this could have happened, but the story is a warning signal for politicians in the u.s. if you believe you could have financed contamination on the back of the wealthy, think again. it is not that easy. we need better operating of a fair tax system in which everyone has skin in the game rather than trying to find out where the money is. by the way, how much money do you think and slick willie get away with in 40 years of robbing banks? just $2 million. at thought it was more. that's what i think. now we want to know what you think. coming in the mail. gerri@foxbusiness.com. >> coming up on "the willis report," hurricane sandy slammed into the east coast over one month ago. why are victims still waiting on a? and what is fema doing with the cash? the president of ericsson insurance advisers ways in next. and guess which state the highest paid trouper lives in? queue will not believe how much some are milking taxpayers. we will have the averages details later. also, what has nine lines and six toes? find out why their government is cracking down on these level for balls. we are on the case n
are doing this. dagen: according to the international age, we, the u.s., will be the world's biggest oil producer and we should be, virtually, self sufficient when it comes to energy independence. why not just stick with good old gasoline. you can do that but there is demand for oil. there will still be a lot of money heading towards those countries that would do us harm. a lot of those countries want to do us harm. when you look at the world wide oil demand, that is really something we have to look at. lots of money would go overseas to people that would do us harm. dagen: what is the break even. >> we will replace them as needed. we will certainly work with auto companies to try to get the best deal possible. we expect to save money along the way. we will replace them as necessary. certainly the sedans and light trucks, we will do that as quickly as possible. dagen: is the technology there? will you do all electric on, say your cars, or are you going to do hybrid? >> actually, i am a very pragmatic guy. i would not have done this if i thought we were not there technology wise. we expec
yet to spur demand. prices are down nearly 7% so far this month following the u.s. department of agriculture decision to cut the greens demand forecast. fact activity in new york state declining for the fifth month in a row in december as new orders dropped in the labor market remains weak. the new york fed empire state index falling into negative 8.1 from negative 5.2 in november. liz: we have larry in the pits of the chicago mercantile exchange. he will let us know about the clothes. the fiscal deal is coming. they will find out in a second, and says the market is heavily discounted and at historic levels. should you jump in? a 100-point gain on the dow jones industrial a full percentage point for the russell and the s&p and the nasdaq rather. this is a great day, isn't it? >> a good day, that is for sure. kind of took an informal poll on the floor ask a few traders are we going to reach the fiscal cliff, are we going over it? certainly most traders were not in agreement. everyone is in agreement we're not going to go over the fiscal cliff. liz: the highest of the session of
Search Results 0 to 5 of about 6